Stocks News
- Haitong Securities plans share sale
Date: 5-Sep-2007 Sources: (Shenzhen Daily)
HAITONG Securities Co., China's sixth-largest brokerage by assets, plans to raise as much as 26 billion yuan (US$3.4 billion) in what may be the country's second-biggest share sale this year.
The stock will be sold in a private offer, the Shanghai-based company said in a statement yesterday. It didn't say how many shares will be sold or how the money would be used. The sale may be the second-biggest stock offering in China this year, after Ping An Insurance raised more than US$5 billion in February.
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